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3 Swedish Dividend Stocks Yielding Up To 5.4%

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As global markets face heightened volatility and economic uncertainties, the Swedish stock market has also experienced its share of fluctuations. Despite these challenges, dividend stocks remain a reliable option for investors seeking steady income streams. In this article, we will explore three Swedish dividend stocks that are yielding up to 5.4%, offering a blend of stability and attractive returns in today's turbulent market environment.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

5.91%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.83%

★★★★★☆

Zinzino (OM:ZZ B)

3.77%

★★★★★☆

HEXPOL (OM:HPOL B)

3.68%

★★★★★☆

Bredband2 i Skandinavien (OM:BRE2)

4.36%

★★★★★☆

Axfood (OM:AXFO)

3.06%

★★★★★☆

Duni (OM:DUNI)

5.02%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.48%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.98%

★★★★★☆

Loomis (OM:LOOMIS)

3.69%

★★★★☆☆

Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Knowit

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Knowit AB (publ) is a consultancy company that develops digital solutions and has a market cap of SEK4.54 billion.

Operations: Knowit AB (publ) generates revenue through four main segments: Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).

Dividend Yield: 3.1%

Knowit AB's recent earnings report showed a decline in revenue to SEK 1.68 billion for Q2 2024, down from SEK 1.76 billion the previous year, with net income dropping to SEK 3 million from SEK 19.5 million. Despite this, Knowit's dividend payments are covered by both earnings (77.3% payout ratio) and cash flows (41.6% cash payout ratio). However, its dividend history has been volatile and unreliable over the past decade, although payments have increased overall during that period.

OM:KNOW Dividend History as at Sep 2024
OM:KNOW Dividend History as at Sep 2024

Skandinaviska Enskilda Banken

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Skandinaviska Enskilda Banken AB (publ) offers a range of corporate, retail, investment, and private banking services and has a market cap of SEK318.31 billion.

Operations: Skandinaviska Enskilda Banken AB (publ) generates revenue from several segments, including Life (SEK3.89 billion), Baltic (SEK13.82 billion), Asset Management (SEK3.22 billion), Large Corporates & Financial Institutions (SEK31.90 billion), Private Wealth Management & Family Office (SEK4.56 billion), and Corporate & Private Customers excluding Private Wealth Management & Family Office (SEK25.65 billion).